Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. The company’s primary interest is the 100% owned Palito Gold Mine located in the Tapajos region of northern Brazil and a surrounding 53,000 hectares of highly prospective exploration tenements that the company controls. Gold production at the Palito Gold Mine commenced in January 2014.

Serabi Gold plc is a gold exploration and production company involved in the evaluation and development of gold deposits in Brazil. The company’s primary interest is the 100% owned Palito Gold Mine located in the Tapajos region of northern Brazil and a surrounding 53,000 hectares of highly prospective exploration tenements that the company controls. Gold production at the Palito Gold Mine commenced in January 2014.

During October 2012, mine development activities were started as the first phase of work to place the mine into production. Commissioning of the gold production plant started in December 2013 and the Palito mine was declared to have achieved commercial production effective as of 1 July 2014, following a successful six month commissioning and ramp-up period. Operational cash-flow will be used to fund future exploration and development activities.

In July 2013, Serabi completed the acquisition of Kenai Resources Ltd and in so doing acquired the Sao Chico gold project a small but high grade deposit located within 30 kilometres of Palito. The Company is developing Sao Chico as a satellite mining operation with ore being processed at the Palito gold recovery plant. Initial work in preparation for mine development at Sao Chico started early in 2014. The Company expects to start work on establishing the mine portal, towards the end of the third quarter of 2014.

Serabi’s shares are listed on the AIM market of the London Stock Exchange under the ticker symbol SRB and on the Toronto Stock Exchange under the ticker symbol SBI.